PNB Housing Finance Announces Leadership Overhaul as CEO Girish Kousgi Resigns
PNB Housing Finance is undergoing a significant leadership transition, with the appointment of Jatul Anand and Valli Sekar to key roles and the resignation of CEO Girish Kousgi, effective October 28, 2025.
Pnb Housing FinanceLeadership TransitionCeo ResignationJatul AnandValli SekarReal Estate NewsAug 03, 2025
Effective August 2, 2025, Jatul Anand, currently a Function Head, has been designated as Executive Director (non-board member). He will take over responsibility for the Prime and Emerging Business segment, encompassing Sales, Credit, Product, and Collections.
Alongside him, Valli Sekar has been named Chief Business Officer – Affordable Business. She will lead the Affordable Business vertical, covering the same core operational areas.
In a separate development, Managing Director and CEO Girish Kousgi has stepped down. He submitted his resignation to the board on July 30, which was accepted during a meeting held on July 31. His departure will be effective from October 28, 2025, after the close of business hours. Kousgi will also relinquish his positions on the boards of PHFL Home Loans and Services Ltd. and PEHEL Foundation, both subsidiaries of PNB Housing Finance.
The board acknowledged Kousgi’s transformative leadership, crediting him with steering the organisation through a period of significant change. Ashok Chandra, MD and CEO of Punjab National Bank, addressed investor concerns over the recent resignation of Girish Kousgi from PNB Housing Finance. He clarified that the decision was entirely personal and not driven by internal challenges or business-related issues.
Chandra emphasised that Kousgi’s departure wasn’t the result of any external pressure or warning signals, underscoring the transparency behind the transition. This leadership change is expected to ensure a smooth transition and continued growth for PNB Housing Finance, a leading player in the housing finance sector.
Frequently Asked Questions
Who is taking over the Prime and Emerging Business segment at PNB Housing Finance?
Jatul Anand, currently a Function Head, has been designated as Executive Director (non-board member) and will take over responsibility for the Prime and Emerging Business segment, encompassing Sales, Credit, Product, and Collections.
What role will Valli Sekar play in the new leadership structure?
Valli Sekar has been named Chief Business Officer – Affordable Business and will lead the Affordable Business vertical, covering core operational areas such as Sales, Credit, Product, and Collections.
When will Girish Kousgi's resignation from PNB Housing Finance be effective?
Girish Kousgi's resignation will be effective from October 28, 2025, after the close of business hours.
What positions will Girish Kousgi relinquish along with his CEO role?
Girish Kousgi will also relinquish his positions on the boards of PHFL Home Loans and Services Ltd. and PEHEL Foundation, both subsidiaries of PNB Housing Finance.
How did Ashok Chandra address investor concerns about Girish Kousgi's resignation?
Ashok Chandra, MD and CEO of Punjab National Bank, addressed investor concerns by clarifying that Kousgi’s resignation was entirely personal and not driven by internal challenges or business-related issues. He emphasized that the decision was not the result of any external pressure or warning signals.
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